Personal Instalment Loan

Our Personal Instalment Loan enables you to achieve your dreams and desires, with absolute ease! With a preferential low interest rate, a flexible loan tenor, and a handling fee waiver for the entire repayment period, it gives you ample cash when you most need it! Bring on those BIG dreams!

Interest Rate Offer

  • Monthly flat rate as low as 0.09%1&2, annualized percentage rate as low as 2.01%1&2

Cash Rebate

  • Apply on or before 31 March 2018 to enjoy HK$100 reward after successful approval3.

Product Features

  • Loan amount up to HK$4,000,000 or 10 times of monthly salary (whichever is lower)
  • Flexible loan tenor up to 60 months
  • Handling fee waiver for entire repayment period

Monthly Repayment Schedule

Existing Banking Customer4

Loan Amount(HK$) Monthly Flat Rate (APR) 2 Monthly Repayment Amount(HK$)5
$1,000,000 or above 0.09% (2.01%) 842.33
$800,000-$999,999 0.125% (2.79%) 845.83
$500,000-$799,999 0.135% (3.02%) 846.83
$300,000-$499,999 0.155% (3.47%) 848.83
$100,000-$299,999 0.165% (3.70%) 849.83
$50,000-$99,999 0.175% (3.92%) 850.83
$10,000-$49,999 0.185% (4.15%) 851.83

Normal Customer

Loan Amount(HK$) Monthly Flat Rate (APR) 2 Monthly Repayment Amount(HK$)5
$1,000,000 or above 0.110% (2.46%) 844.33
$800,000-$999,999 0.146% (3.27%) 847.93
$500,000-$799,999 0.155% (3.47%) 848.83
$300,000-$499,999 0.175% (3.92%) 850.83
$100,000-$299,999 0.195% (4.38%) 852.83
$50,000-$99,999 0.210% (4.72%) 854.33
$10,000-$49,999 0.230% (5.18%) 856.33

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To borrow or not to borrow ? Borrow only if you can repay !

1.Only applicable to the existing banking customer of Industrial and Commercial Bank of China (Asia) Limited (“the Bank”) who successfully apply for and drawdown the personal instalment loan (“Loan”) with an approved Loan amount of HK$1,000,000 or above. Annualised percentage rate (APR) 2.01% is calculated based on monthly flat rate 0.09% and 12-month repayment tenor, the above example is for reference only.
2.The APR of the loan is calculated based on the guidelines as set out in the Code of Banking Practice. The Bank shall have the right at its discretion to apportion any payment between interest and principal in such manner as it shall desire. The annualised percentage rate is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. The interest rate is applicable on a case-by-case basis and the finally approved interest rate is subject to the loan amount and credit assessment result.
3.Customers who successfully apply and drawdown the Loan on or before 31 March 2018 are entitled to enjoy HK$100 cash rebate. Each eligible customer can earn the cash rebate once only. Cash rebate will be deposited into the disbursement/repayment account in the second month after drawdown (For example, if the eligible customer successfully drawdown the Loan on 9 March 2018, cash rebate will be deposited into the disbursement/repayment account on or before 31 May 2018). To be eligible for the cash rebate, eligible customers should maintain good repayment record and the Loan and the account shall remain active and in good condition before and upon receiving the cash rebate. If eligible customers repay the Loan early before the maturity date, the Bank reserves the right to impose fees and charges upon early repayment of the Loan.
4.「The definitions of Existing Banking Customers who are entitled to enjoy the interest rate offer are: 1) The Bank's existing bank account customers; 2) The Bank's existing loan customers; 3) The Bank's existing credit card customers. The Bank reserves the final right to interpret the definition of Existing Banking Customer.
5.The above example is for reference only. The monthly repayment amount of the example is calculated based on loan amount HK$10,000 and 12-month repayment tenor.
6.The Bank reserves the right to vary or terminate the offer at any time. The Bank reserves the right for final decision in case of any disputes.
7.In case of any discrepancy between the English and Chinese versions, the English version shall prevail.

For the details of the terms and conditions, please contact our branch staff or refer to the application form.

Key Facts Statement (KFS) for Instalment Loan – Personal Instalment Loan
Explanation of “Rule of 78” for Personal Instalment Loan
Important Notes for Early Repayment of Personal Instalment Loan (PL)
Terms and Conditions
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